Alex, thanks...never seen the entire list naming the 15. Have you?
The RENEGADE-15. BUT WHO, PRAY TELL, ARE THE OTHER FOUR?
gold-eagle.com
Battle for Financial Supremacy
The battle for supremacy pits Frankfurt against London. However, beneath
the turbulent surface is fierce hand-to-hand combat of Gold vs the US$.
... searching the web when I ran across the following article.....
... survey by property consultants Healey & Baker indicated that
almost half of all senior executives in Europe believe Frankfurt
could supersede London as Europe's financial capital.....
... Perhaps there is a direct relationship between the illegal actions
of the Gold Cabal, and Frankfurt's vying for financial control of Europe....
My Internet investigations in the last few days obligate me to believe
there exists a STATE OF FINANCIAL AND MONETARY WAR
... a "GOLD WAR".....
... the participating combatants are reminiscent of World War II:
the US and England as 'allies' vs Germany et al as 'axis.'
However, the sought after prize THIS TIME is not territorial acquisition
nor human subjugation, but maintaining financial and monetary dominance.
Washington seeks to perpetuate the US Dollar Standard in the world,
while London maintains financial control of all Europe. If the POG were
allowed to rise, correspondingly the US dollar would rapidly lose its
importance as international reserves, while the euro appreciates in
relative value, thus becoming a reserves currency for many countries of
the world.
It is imperative to recall that Euro-block currency is backed by 15% gold.
However, if the dollar price of the shiny metal rose to $500/oz,
the euro gold backing would leap to 25%. Consequently, US monetary
dominance would plummet as London's heretofore European financial
control is transferred to Frankfurt (headquarters of the nascent
European Central Bank).....
A victory by the 'Euro-axis' would trigger a Crash in Wall Street
and in its counterpart in London which is already teetering at the
abyss as I speak....
We have all read innumerable reports of the September 26, 1999 decision
by 15 ECBs to dramatically limit gold sales and terminate all gold
"leasing' during the next five years. HOWEVER, I personally have never
seen the entire list naming the famous 15. Have you?
I would imagine the Golden-15 must necessarily must be composed of the
11-nation European Monetary Union: France, Germany, Italy, Belgium, the
Netherlands, Luxembourg, Austria, Spain, Portugal, Finland and Ireland
(the perennial thorn in England's side). BUT WHO, PRAY TELL, ARE THE
OTHER FOUR?
The RENEGADE-15
The monumental decision which will affect the price of gold and FOREX
values for the next five years was made by 15 ECBs. This 'Renegade-15
(from Uncle Sam's point of view) is composed of the original 11-nation
charter members of the EMU, two aspirant members to the EMU (Greece and
Sweden), and surprisingly, the Central Banks of England and Switzerland.
Although early reports of the decision are still unclear, it is believed
the BOE and the Swiss National Bank backed the accord, but exempting
already planned gold sales from the decision.
... the 'Famous-15' who agreed to drastically curtail gold sales
and to completely stop gold "leasing" during the next five years:
France, Germany, Italy, Belgium, the Netherlands, Luxembourg, Austria,
Spain, Portugal, Finland, Ireland, England, Switzerland, Greece, Sweden.
In light of the BOE's heretofore blatantly obvious opposition to a rise
in the POG, its joining the 'Famous-15' is highly suspicious. This writer
suspects the BOE did so due to local political pressure groups
(who do not want to risk being left out of the EMU), and to be privy to
what goes on in the ECB chambers. Specifically, the BOE is there to SPY
on the group of ECBs. And Switzerland is merely performing its vintage
role of playing both ends against the middle (as it did in World War II).
War Lines Have Been Drawn
From the trenches of the 'allies,' there appear to be several distinct
goals in this war. First, the US fervently desires to maintain greenback
dominance as the world's prime reserve currency. This brings important
benefits to the Americans. It postpones bursting Wall Street's Bubble.
It allows for continued exportation of US inflation. Furthermore, it
helps support the deteriorating value of the dollar. And finally, it
helps keep the entire US economy afloat while the Democrats prepare for
the presidential election. If Wall Street tanks and the greenback
plummets before election time, Al Gore will not have a snowball chance
in hell to carry the Democratic banner to the inauguration. And although
England is deceptively wearing the colors of the European Monetary Union
(EMU), clandestine support of its former colony (USA), will allow London
to maintain financial control of continental Europe.
On the other front, the "axis" is dominated by Teutonic might and
leadership (who else?). The EMU works to arrest US dollar's influence in
European commercial operations. Moreover, it wants to exert its
financial influence in global business, because it has earned the right
to do so. In essence the euro is challenging the greenback's near
monopoly as an international reserves currency.
Since the birth of the euro on January 1, 1999, it has been under attack
from Uncle Sam's fiat currency. Until just weeks ago the euro had lost
an embarrassing 15% vis-…-vis the US dollar. However, the 15-ECB
decision was a mandate to the US Fed that "ENOUGH WAS ENOUGH!" It was
the first salvo across the USS-Dollar bow.
"Arms" Capacity of both Combatants
Although the US is battling from advantageously higher ground, the EMU
has significantly more "arms and ammunition." Of course, I am referring
to gold reserves.
Whereas the USA counts upon gold reserves of reportedly 8,135 tones, the
15 ECBs can muster 13,131 tonnes (which includes England's gold, net of
all the planned auctions). Following is a breakdown of EMU gold
reserves.
European Central Bank Gold Holdings (tonnes)EMU HoldingsNon-EMU
Participants
Germany 2,960
France 2,547
Italy 2,074
Netherlands 842
Portuga l500
Spain 486
Austria 369
Belgium 237
Finland 50
Ireland 11
Luxembourg 7
Switzerland 2,590
UK 300
Greece 113
Sweden 47
Total EMU 10,083
Total Non-EMU 3,050
Total gold reserves of the "axis" --- 13,131 tonnes
The Euro-gold block counts upon substantially more gold "ammunition"
than its Yankee opponent, which reportedly has only 8,135 tonnes. That
is to say the 15-ECBs possess 61% more gold reserves than the US Fed.
Undeniably, the US Fed wants to continue to push the POG down for
reasons already stated. On the other side of the Big Pond, the combined
European forces under Teutonic command are determined to make the euro a
world currency. One way to ensure this noble goal is to support the
price of the noble metal. And if push comes to shove in this monetary
and financial war, this writer believes the Fed will come up a day late
and a dollar short -- especially because the 15-ECB's decision is
supported by the Bank of Japan (albeit the Nippons have very little gold).
Greenspan's "allied" troops are DESERTING au masse
"General" Greenspan's threat to the Gold World:
"Nor can private counterparts restrict supplies of gold, another
commodity whose derivatives are often traded over-the-counter, where
central banks stand ready to lease gold in increasing quantities should
the price rise."
Mr. Greenspan said, "CENTRAL BANKS," bankS, like in the plural. Without
one iota of doubt he was referring to a collusion of Central Banks
acting in concert with the specific objective of CONTROLLING THE PRICE
OF GOLD, so it could not rise.
But alas, many of the central banks have seen the light, and
consequently, deserted the ranks of Uncle Sam. 15 ECBs declared peace
with the gold world when on last September 26 they announced gold sales
would dry up to a trickle - and gold "leasing" would cease all together
during the next 5 years.
Mr. Greenspan, give it up! Your allies are abandoning you au masse.
Soon, your #1 mercenary (BOE) will also go AWOL, you au masse. Soon,
your #1 mercenary (BOE) will also go AWOL, because the British people
will finally realize they are getting a ROYAL SCREWING...literally. And
the WHORE Kuwait will be for
Mr. Greenspan, until now you have won only Pyrrhic Victories -- your War
is lost! Best to sue for an honorable peace than to suffer a degrading
unconditional surrender...lest you go down in monetary infamy.
H. Teetmyer
8 November 1999
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